上海钢联：归母净利润同比降幅收窄，荣获“数据要素×”大赛全国一等奖

Investment Rating - The investment rating for the company is "Buy" [2][4][6] Core Insights - The company reported a revenue of 64.146 billion yuan for the first three quarters of 2024, a year-on-year decrease of 3.61%, and a net profit attributable to the parent company of 127 million yuan, down 23.84% year-on-year. Despite these declines, the company’s data service segment remains stable, and the trading settlement volume of steel increased year-on-year. The company has been recognized as a leading global provider of commodity and related industry data services, winning the national first prize in the "Data Element ×" competition, which is expected to benefit from the development of the data element industry [2][6][4]. Financial Performance Summary - For the first three quarters of 2024, the company achieved a revenue of 64.146 billion yuan, a decrease of 3.61% year-on-year, and a net profit of 1.27 billion yuan, down 23.84% year-on-year. The gross profit margin was 1.40%, an increase of 0.02 percentage points year-on-year. In Q3 2024, the revenue was 20.251 billion yuan, a decrease of 26.38% year-on-year, with a net profit of 43 million yuan, down 10.02% year-on-year [6][4]. Revenue and Profit Forecast - The company’s projected revenues for 2024, 2025, and 2026 are 86.319 billion yuan, 90.675 billion yuan, and 95.298 billion yuan, respectively, with year-on-year growth rates of 0.01%, 5.05%, and 5.10%. The net profit attributable to the parent company is expected to be 223 million yuan, 299 million yuan, and 388 million yuan for the same years, with growth rates of -7.29%, 34.29%, and 29.79% respectively [6][7]. Market Position and Recognition - The company has been awarded the national first prize in the "Data Element ×" competition, highlighting its leading position in the industry data service sector. The company is gradually incorporating its steel database as a data asset, valued at approximately 830,000 yuan, and plans to advance the management of other databases [6][4].